Capital One Financial Corporation

Capital One Services, LLC

Frank L Rotman

Charles Aaron Rosenblatt

Tyler C Hobbs

Vikas Goel

A method for automatically collecting payment for a credit account includes determining if a credit account is delinquent and determining the number of days the credit account is delinquent. The method includes automatically collecting a first amount from a first account if the number of days the credit account is delinquent comprises at least a first number of days and crediting the credit account the first amount. The first account may comprise a checking account, and the first number of days may comprise twenty days.

Method and system for automatically collecting payment for a credit account

A system assigns a credit limit to an account for a credit card of a card holder based on whether the card holder poses an acceptable risk. The system activates an account for the credit card, assigns an initial credit limit well below a tolerance level to the account, develops credit history data based on account activity during predetermined short intervals of time, evaluates the credit history data after each of the predetermined short time intervals, and determines whether to increase the credit limit of the account based on the evaluated credit history.

System and method for assigning a line of credit to a credit card account

Methods and systems are disclosed for automatically preventing delinquency of payment on financial accounts. In one implementation, methods or systems may be provided for associating a credit cardholder's account to the cardholder's bank account. If the cardholder fails to make a required monthly payment on the credit card account, the required payment is automatically withdrawn from the bank account prior to credit card account being reported as delinquent.

Growing community of inventors

Manakin Sabot, VA, United States of America

Frank L Rotman